BlackRock, Inc. (NYSE:BLK) reportedly plans to establish a private credit venture with Indian billionaire and the richest Asian Mukesh Ambani’s Jio Financial Services Ltd. Bloomberg, citing people familiar with the discussions, reported that the company is planning to expand into the direct lending space in India. Earlier this month, the companies received approval from India’s market regulator to serve as co-sponsors and establish a mutual fund business, reported Reuters. It will be a 50-50 joi
Interactive Brokers missed earnings estimates for the third quarter late Tuesday after Charles Schwab ended a string of quarterly earnings declines early Tuesday. Interactive Brokers stock fell on Wednesday.